UAE Electric Power Steering Market, By Type (C-EPS, P-EPS and R-EPS), By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings), By Vehicle Type (Passenger Cars, Medium & Heavy Commercial Vehicles, Light Commercial Vehicles and Off-the-Road Vehicles), By Mechanism (Collapsible EPS and Rigid EPS), By Company and By Region, Forecast & Opportunities, 2026F
New York, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "UAE Electric Power Steering Market, By Type, By Component, By Vehicle Type, By Mechanism, By Company and By Region, Forecast & Opportunities, 2026F" - https://www.reportlinker.com/p06020651/?utm_source=GNW
The UAE Electric Power Steering Market is expected to grow at a robust CAGR over the next five years due to increasing number of government norms, mandates related to fuel-efficient technologies and growing vehicle sales in UAE.The growing demand for passenger cars as well commercial vehicle due to increase in population and new expansion plans of various automotive manufacturing companies are to be implemented in coming future.
Companies like Nissan have plans to double the production in middle east by 2023, which is expected to push the demand for the UAE Electric Power Steering Market until 2026.
In mechanism type, collapsible electric power steering system is projected to experience the highest growth during 2021-2026F due to advancements in technologies and application of these systems in electric as well as in conventional vehicles. Moreover, the growing demand to reduce the overall weight of vehicles and better fuel efficiency will further boost the demand for the electric power steering market in UAE.
The major player operating in the UAE Electric Power Steering Market are Mando Corporation, Robert Bosch GMBH, Showa Corporation, JTEKT Corporation, Hyundai Mobis, NSK Ltd, Mitsubishi Corporation, Sona Koyo Steering System, Nexteer, Thyssenkrupp AG. Companies operating in the country are investing in research & development in order to increase their share in the market.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
• To analyse and forecast the market size of the UAE Electric Power Steering Market, in terms of value and volume.
• To classify and forecast the UAE Electric Power Steering Market based on type, vehicle type, component, mechanism and regional distribution.
• To identify drivers and challenges for the UAE Electric Power Steering Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the UAE Electric Power Steering Market.
• To conduct the pricing analysis for the UAE Electric Power Steering Market.
• To identify and analyse the profile of leading players involved in the manufacturing of the UAE Electric Power Steering Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across UAE.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the service offerings, distribution channels and presence of all major collaboration manufacturers across UAE.
The analyst calculated the market size of the UAE Electric Power Steering by using a bottom-up approach, where the data for various end-user industries and its application across various product types were recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by the analyst.
Key Target Audience:
• Electric Power Steering manufacturers
• Automobile manufacturers
• Raw material suppliers
• Electric power steering design companies
• Distributors and traders
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
In this report, the UAE Electric Power Steering Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• UAE Electric Power Steering Market, By Type:
• UAE Electric Power Steering Market, By Component:
o Steering Column
o Steering Wheel
o Electronic Control Unit
o Electric Motor
o Bearings Wheat
• UAE Electric Power Steering Market, By Vehicle Type:
o Passenger Car
o Medium & Heavy Commercial Vehicles
o Light Commercial Vehicles
o Off-the-Road Vehicles
• UAE Electric Power Steering Market, By Mechanism:
o Collapsible EPS
o Rigid EPS
• UAE Electric Power Steering Market, by Region:
o Abu Dhabi
o Rest of UAE
Company Profiles: Detailed analysis of the major companies present in Electric Power Steering.
With the given market data, we offers customizations according the company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p06020651/?utm_source=GNW
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